When internal customers purchase directly from unqualified customers and bypass the purchasing department in the process, this is called ________
a. Maverick spending
b. Internal spending
c. Abnormal spending
d. Indirect spending
e. External spending
a
You might also like to view...
Which of the following is not an internal control activity for cash?
A) The amount of cash on hand should be kept to a minimum. B) Banking facilities should be used as much as possible. C) Employees who have access to cash should be bonded. D) All payments should be made with currency, not checks.
On December 31, 2016, Circle, Inc borrowed $500,000 by signing a five-year, 8% note payable
The note is payable in five yearly installments of $100,000 plus interest, due at the end of every year beginning on December 31, 2017. Which portion is classified as the long-term portion of Notes Payable at December 31, 2016? What will be an ideal response
Angela holds an easement that prevents Bill from planting willow trees. Angela and Bill are adjoining landowners, and Angela obtained the easement because she felt the roots of willow trees would harm her in-ground swimming pool. ?What type of easement has been granted?
A) An easement in gross B) A negative easement appurtenant C) A quasi easement D) An easement by prescription
If the total activity cost were unknown, it could be calculated by:
A. dividing the total activity driver by the activity rate. B. adding the total activity driver to the activity rate. C. subtracting the activity rate from the total activity driver. D. multiplying the total activity driver by the activity rate.